Salary & Cost of Living in Farmington Hills, MI
Farmington Hills, MI: $46,800 median salary, cost of living index 82.9, $10.33/hr minimum wage. Calculate your take-home pay with our free paycheck calculator.
Median Salary
$46,800
$23/hr
Cost of Living
82.9
US avg = 100
Minimum Wage
$10.33
per hour
Unemployment
4.7%
rate
Farmington Hills, MI Overview
Population
82,111
Median Salary
$46,800
Average Salary
$52,416
Avg Commute
17 min
Median Home Price
$241,000
Median Rent
$1,005/mo
Job Growth
+2.2%
Sales Tax
6%
Farmington Hills is located in Michigan with a population of 82,111. The median household salary is $46,800 per year ($23/hour), which is $12,584 below the national median of $59,384. The average commute time is 17 minutes, and the city has a job growth rate of +2.2%.
Farmington Hills Paycheck Calculator
Enter your annual salary to see your estimated take-home pay in Farmington Hills, MI, after federal, state, and local taxes.
Estimated Annual Take-Home Pay
$36,947
$3,078.88/month · $1,421.02/biweekly · Effective Rate: 21.1%
Gross Pay
$46,800
Federal Tax
-$3,578
State Tax
-$1,989
Local Tax
-$707
FICA
-$3,580
Net Pay
$36,947
Pay Breakdown
| Item | Monthly | Annual |
|---|---|---|
| Gross Salary | $3,900.00 | $46,800.00 |
| Federal Income Tax | -$298.13 | -$3,577.50 |
| Michigan State Tax (4.25%) | -$165.75 | -$1,989.00 |
| Local Tax (1.51%) | -$58.89 | -$706.68 |
| Social Security (6.2%) | -$241.80 | -$2,901.60 |
| Medicare (1.45%) | -$56.55 | -$678.60 |
| Net Take-Home Pay | $3,078.88 | $36,946.62 |
Salary Comparison: Farmington Hills vs Other Cities
See how Farmington Hills's median salary and cost of living compare to the national average and similar cities.
| City | Median Salary | COL Index | Adj. Salary |
|---|---|---|---|
| Farmington Hills, MI | $46,800 | 82.9 | $56,454 |
| National Average | $59,384 | 100 | $59,384 |
| Rochester, NH | $46,804 | 105.8 | $44,238 |
| Schertz, TX | $46,820 | 85 | $55,082 |
| Bozeman, MT | $46,838 | 118.5 | $39,526 |
| Taylor, MI | $46,851 | 94.8 | $49,421 |
Adjusted salary reflects purchasing power when cost of living is factored in. A higher adjusted salary means your money goes further.
Cost of Living in Farmington Hills
Farmington Hills's cost of living index is 82.9 (national average = 100). Living in Farmington Hills is 17.099999999999994% less expensive than the national average.
Median Home Price
$241,000
Median Monthly Rent
$1,005
Annual Rent Cost
$12,060
Your Salary's Purchasing Power
Your $36,947 annual take-home pay in Farmington Hills has the purchasing power of approximately $44,568 in an average-cost US area. Your $46,800 salary stretches further here than in most US cities.
Top Industries in Farmington Hills
Farmington Hills's economy is driven by these key industries. Workers in top industries often earn significantly above the median salary of $46,800.
Salary Tips for Farmington Hills Workers
- Your salary goes further here. Farmington Hills has a cost of living 17.099999999999994% below the national average. A salary of $46,800 here has the purchasing power of about $56,454 in an average-cost area.
- Research top industries. Farmington Hills's top industries include Automotive, Manufacturing, Agriculture. Targeting roles in these sectors can help you earn above the $46,800 median salary.
- Review your W-4 withholding. If you regularly receive large tax refunds, adjust your W-4 to increase your per-paycheck take-home pay instead of giving the government an interest-free loan.
Explore Salaries Across the US
Compare salary data and cost of living for hundreds of US cities. Find out where your paycheck goes the furthest.
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Frequently Asked Questions
What is the median salary in Farmington Hills, MI?
The median salary in Farmington Hills, MI is $46,800 per year, or $23 per hour. The average salary is $52,416. This is $12,584 below the national median of $59,384.
What is the cost of living in Farmington Hills, MI?
Farmington Hills's cost of living index is 82.9 (national average = 100), meaning it is 17.099999999999994% less expensive compared to the national average. The median home price is $241,000 and the median monthly rent is $1,005.
What are the best industries in Farmington Hills?
The top industries in Farmington Hills, MI include Automotive, Manufacturing, Agriculture. The city has a job growth rate of 2.2% and an unemployment rate of 4.7%. Workers in these industries often earn above the city's median salary of $46,800.
How does Farmington Hills's salary compare to other cities?
Farmington Hills's median salary of $46,800 is 21.2% below the national median of $59,384. However, when adjusted for cost of living (index: 82.9), the real purchasing power is approximately $56,454.
What is the minimum wage in Farmington Hills, MI?
The minimum wage in Farmington Hills, MI is $10.33 per hour. This equals approximately $21,486 per year for a full-time worker (40 hours/week). This is $3.08 above the federal minimum wage of $7.25/hour.